In banking What does IMPS stand for?
A. International Monetary Provident scheme
B. Indian Monetary Provident Scheme
C. Immediate Payment Service
D. Interstate Mandatory Position Shift
Ans. IMPS - Immediate Payment Service is an interbank funds transfer service.
With this service money can be instantly transferred electronically through mobile phones.
Its a 24 x 7 service.
It was publicly launched by Smt. Shyamala Gopinath, former deputy governor, on 22 November 2010 at RBI, Mumbai.
A. International Monetary Provident scheme
B. Indian Monetary Provident Scheme
C. Immediate Payment Service
D. Interstate Mandatory Position Shift
Ans. IMPS - Immediate Payment Service is an interbank funds transfer service.
With this service money can be instantly transferred electronically through mobile phones.
Its a 24 x 7 service.
It was publicly launched by Smt. Shyamala Gopinath, former deputy governor, on 22 November 2010 at RBI, Mumbai.
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